Paid for by Committee to Reelect Judge North, P.O. Box 27113, Seattle, WA 98165
Jeff Reifman, the former Microsoft employee turned Microsoft watchdog, is out with another blog post connecting the dots between the tax-dodging behavior of major Washington State corporations and our public education, transportation, and homelessness crises.
As I was researching Microsoft’s Washington State tax breaks, I realized that the company’s cumulative revenues surpassed $1 trillion this past quarter. You might expect a company to announce a milestone like this and bask in this incredible accomplishment — but not Microsoft. It chose to stay silent as it faces increased public scrutiny for holding $108.3 billion in earnings offshore (an incredible 41% of its all time profit) and its history of tax dodging at home in Washington State.
As Seattle Times columnist Danny Westneat expressed shock that Boeing’s tax breaks saved it $304 million last year, I noted that the legislature’s actions here are saving Microsoft approximately $776 million in 2016 (I’ve been reporting on Microsoft’s Nevada-based tax dodge since 2004.) ...
In summary, Washington State’s become a kind of libertarian promised land. Combined, Microsoft and Amazon, its babies, have earned more than $1.5 trillion in revenues and helped create more than 161,220 millionaires but the wealthy here pay the lowest share of taxes in the entire country. As a result, we...
Can you guess? (Even though I kinda gave it away above.) Click through to read Reifman's full list of woes connected to our underfunded state government.
Then consider this: The total amount of taxes dodged by Boeing in 2015 and Microsoft in 2016—to pick just two major Washington State corporations and two random years—is equal to $1 billion. Next time you hear an elected official in Washington State saying it would be nice to fix or implement such and such a program, but doing so would cost a billion dollars we don't have—well, there's your billion dollars.